Sui Slides 6% as Rejections at Key Moving Averages Put $1.40 Support in Focus

Overview

• SUI fell roughly 6% over 24 hours to about $1.46–$1.47 after multiple failed attempts to reclaim $1.50, briefly tagging an intraday low near $1.43.
• The token trades below the 4H 200MA and 200EMA after repeated rejections and a break of local range lows that produced a liquidity wick.
• Reported trading volume rose about 9% during the decline, with derivatives data pointing to lower open interest and a rise in liquidations.
• Short‑term indicators lean bearish, with the daily RSI near 41 and a MACD setup that raises the risk of further losses if $1.40 fails.
• An upside scenario requires reclaiming key moving averages and $1.50, with resistance near the 50‑day EMA around $1.87 and potential follow‑through toward $1.80–$2.00.